Late Payment of Government Debts (Interest) Regulations 2014 (SA)

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South Australia

Late Payment of Government Debts (Interest) Regulations 2014

under the Late Payment of Government Debts (Interest) Act 2013

1Short title

These regulations may be cited as the Late Payment of Government Debts (Interest) Regulations 2014.

2Commencement

These regulations will come into operation on 17 February 2014.

3Interpretation

In these regulations—

Act means the Late Payment of Government Debts (Interest) Act 2013.

4Prescribed interest rate

For the purposes of the definition of prescribed interest rate in section 3(1) of the Act, a rate of 5% above the cash rate published by the Reserve Bank of Australia (expressed as an annual rate) is prescribed.

Legislative history

Notes

  • •

    For further information relating to the Act and subordinate legislation made under the Act see the Index of South Australian Statutes or regulations

    Year

    No

    Reference

    Commencement

    2014

    44

    Gazette 13.2.2014 p901

    17.2.2014: r 2

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